Defty (Nifty in USD) Analysis

2 April 2021 3 Feb 2021 5 Jan 2021 Defty Analysis. (Nifty 50 denominated in US Dollars). CMP 7,085. Posted on 2 April 2021. Good Friday. — Not much change from previous post of 3 Feb 2021 when price was 6775.  Since then price advanced to 7,300 and has corrected slightly since. This 2 month […]

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Defty (Nifty in USD)

3 Feb 2021 5 Jan 2021 Defty (Nifty in USD) Index. As on 3 Feb 2021. CMP 6775 This chart won’t help for trading purposes, but for a longer term view, it could prove to be valuable. Defty is at about the same level as it was a month ago.  It has broken out of […]

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Nifty 50 (in USD) Analysis

Nifty (in USD) Analysis.  As on Tues, 5 Jan 2021. CMP 6706 Since 2008, Nifty in USD, also known as Defty, has remained in a range.  In December 2020, it broke out of that range to the upside, and more importantly, stayed above. The larger structure (2 month chart) is that of an ascending triangle. […]

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